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Assembly Bill A3659

2015-2016 Legislative Session

Provides that the New York state canal corporation may sell or lease canal lands or personal property to governmental entities for less than fair market value

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Archive: Last Bill Status - In Assembly Committee

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2015-A3659 (ACTIVE) - Details

See Senate Version of this Bill:
S3883
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง2897, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7034, S1626
2011-2012: A6701, S2868
2013-2014: A1803, S1970

2015-A3659 (ACTIVE) - Summary

Provides that the New York state canal corporation may sell or lease certain canal lands or personal property to governmental entities for less than fair market value in the public interest.

2015-A3659 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3659

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 27, 2015
                               ___________

Introduced  by  M. of A. TENNEY, MONTESANO, FINCH, KOLB, OAKS, HAWLEY --
  Multi-Sponsored by -- M. of A. BLANKENBUSH, CROUCH, MAGEE -- read once
  and referred to the Committee on Corporations, Authorities and Commis-
  sions

AN ACT to amend the public authorities law, in  relation  to  permitting
  the  New York state canal corporation to make certain sales and leases
  of canal lands and personal property to governmental entities for less
  than fair market value

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  2897 of the public authorities law is amended by
adding a new subdivision 8 to read as follows:
  8. A. NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION OR ANY OTHER
LAW, RULE OR REGULATION TO THE CONTRARY, THE NEW YORK STATE CANAL CORPO-
RATION MAY NEGOTIATE, SELL AND ENTER INTO LEASES OF CANAL LANDS AND SELL
OR LEASE PERSONAL PROPERTY TO AND WITH FEDERAL AGENCIES, STATE AGENCIES,
PUBLIC BENEFIT  CORPORATIONS,  MUNICIPALITIES  OR  ANY  OTHER  POLITICAL
SUBDIVISIONS  OF  THE  STATE  FOR  LESS THAN FAIR MARKET VALUE WHEN SUCH
CORPORATION DETERMINES THAT SUCH SALE OR LEASE IS IN THE  PUBLIC  INTER-
EST.
  B.  IN  DETERMINING  WHETHER  SUCH  SALE  OR  LEASE  OF CANAL LANDS OR
PERSONAL PROPERTY IS IN THE PUBLIC INTEREST, THE NEW  YORK  STATE  CANAL
CORPORATION SHALL CONSIDER WHETHER THE SALE OR LEASE WILL IMPROVE PUBLIC
ACCESS TO CANAL LANDS AND THE WATERS OF THE CANAL SYSTEM OR OTHER PUBLIC
LANDS.
  C.  THERE SHALL BE NO REQUIREMENT FOR AN APPRAISAL OF SUCH CANAL LANDS
OR PERSONAL PROPERTY FOR A SALE OR LEASE.
  D. THE TERM FOR SUCH LEASES SHALL  NOT  EXCEED  FORTY  YEARS  AND  ANY
RENEWAL THEREOF SHALL NOT EXCEED AN ADDITIONAL FORTY YEARS.
  E. SUCH SALES OR LEASES SHALL NOT BE SUBJECT TO ANY PUBLIC ADVERTISING
REQUIREMENTS.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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